Maldives: the hub for Islamic finance in South Asia
Maldives is a hundred percent Muslim country with a population of less than four hundred thousand. The country has a unique geography as it consists of 1,190 islands scattered in the Indian ocean. According to Article 2 of the Constitution of Maldives, Maldives is a sovereign, independent, democratic Republic based on the principles of Islam, and is a unitary State, to be known as the Republic of Maldives. According to Article 9 (d) of the Constitution of Maldives, a non-Muslim will not become a citizen of Maldives even if the person fulfills all the conditions to become a citizen of Maldives as prescribed in the Constitution. Article 10 of the Constitution states that the religion of the state is Islam and Islam shall be the one of the basis of all the laws of Maldives. Furthermore, it also states that no law contrary to any tenet of Islam shall be enacted in Maldives.
Maldives , Islamic finance , South Asia
Muneeza, Aishath. (2018). Maldives: the hub for Islamic finance in South Asia. Islamic Banker, 26, (March 2018). Retreived from https://www.islamicbanker.co/2018/02/04/maldives-the-hub-for-islamic-finance-in-south-asia/
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